What is it?
RippleNet is a blockchain-based application that allows for making an international money transfer between banks.
It will be possible to transfer money from the QNB Finansbank branch channel to QNB Qatar via Ripple infrastructure and to deposit Ripple transfers from QNB Qatar to our bank's individual customer accounts.
Money transfer can be made in 5 currencies
- From QNB Qatar: In TRY / USD / EUR / GBP currencies
- From QNB Finansbank: In QAR / USD / EUR / GBP currencies
There is no daily transaction limit for outgoing Ripple Transfer transactions and the instant transaction limit amount is QAR, USD, EUR, GBP equivalent to 1 million TL.
Money transfers (incoming and outgoing) made via Ripple infrastructure are subject to all operational and legal compliance controls applied to current international money transfers.
What are the Benefits?
- The transfer on Ripplenet is completed in 1-3 minutes on average. (*)
(*) This period may extend after transferring the transactions to manual checks due to different reasons (lack of documents, missing signature, etc.) that may arise from the customer and the bank's side.
- Transfers from QNB Qatar are credited to the customer account 24 hours a day, 7 days a week.
- Money transfers (incoming and outgoing) made via Ripplenet infrastructure are subject to all operational and legal compliance controls applied to current international money transfers.
- There is no correspondent bank commission.
Please contact our branches to get more information and to benefit from our newest and most advantageous service that offers great convenience for your money transfers between Qatar and Turkey.